Opening a Small Business is not The Same as Earning Money

Opening a small business and earning money as an entrepreneur are two different things. Most people assume that being entrepreneurial is all about starting a business that is incorporated and so on. You can certainly make lots of money without having to set your own company!

I felt the need to address this issue when I spoke to a client who owns a restaurant and he told me how some of his clients were loving the cookie in one of the desserts on his menus and that he could make easy extra money selling the cookies but that it would mean opening a small business to deal with that venture as he did not want to dilute his restaurant name.

“Whomever passed out a law that dictated that in order to make lots of money, entrepreneurs had to absolutely start a business?”, I asked.

I certainly have been earning money from suggesting some ideas to other entrepreneurs without opening a small business to deal with each idea! Sometimes, I sell ideas to entrepreneurs and it’s unrelated to my consulting and publishing businesses.

Do you think that the entrepreneurial teenager who shovels snow and makes lots of money than other teens really has to open a small business?

If you’re looking at making lots of money, focus on the idea first and the business stuff second. Entrepreneurs solve problems and make their money. Nowhere it’s written that opening a small business is a must!